{"id":117263,"date":"2026-10-02T00:21:24","date_gmt":"2026-10-01T22:21:24","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=117263"},"modified":"2026-10-01T12:56:03","modified_gmt":"2026-10-01T10:56:03","slug":"americky-dluhopisovy-trh-vstoupil-do-nebezpecne-zony-a-to-nejhorsi-teprve-prijde","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/10\/02\/americky-dluhopisovy-trh-vstoupil-do-nebezpecne-zony-a-to-nejhorsi-teprve-prijde\/","title":{"rendered":"Americk\u00fd dluhopisov\u00fd trh vstoupil do nebezpe\u010dn\u00e9 z\u00f3ny \u2013 a to nejhor\u0161\u00ed teprve p\u0159ijde"},"content":{"rendered":"
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U\u017e l\u00e9ta varuji p\u0159ed k\u0159ehkost\u00ed americk\u00e9ho dluhopisov\u00e9ho trhu a nyn\u00ed jsem znepokojen\u011bj\u0161\u00ed ne\u017e kdykoliv p\u0159edt\u00edm. \u00darokov\u00e1 sazba 10let\u00fdch americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f p\u0159ekro\u010dila 5,2 % a mysl\u00edm si, \u017ee sm\u011b\u0159uje mnohem v\u00fd\u0161e \u2013 ne n\u00ed\u017ee.<\/span><\/strong><\/p>\n

Toto nen\u00ed b\u011b\u017en\u00e9 kol\u00eds\u00e1n\u00ed trhu. Je to hlasit\u00fd varovn\u00fd sign\u00e1l, \u017ee glob\u00e1ln\u00ed finan\u010dn\u00ed syst\u00e9m se hrout\u00ed pod t\u00edhou neudr\u017eiteln\u00e9ho dluhu.<\/span><\/p>\n

Tradi\u010dn\u00ed zahrani\u010dn\u00ed kupuj\u00edc\u00ed americk\u00e9ho dluhu miz\u00ed, aukce selh\u00e1vaj\u00ed a v\u00fdnosy tla\u010d\u00ed vzh\u016fru jednoduch\u00e1 matematika nab\u00eddky a popt\u00e1vky. Dluhopisov\u00fd trh je mnohon\u00e1sobn\u011b v\u011bt\u0161\u00ed ne\u017e akciov\u00fd, tak\u017ee kdy\u017e si vl\u00e1da bude muset vybrat, mysl\u00edm si, \u017ee ob\u011btuje m\u011bnu a dokonce i akciov\u00fd trh, aby ochr\u00e1nila st\u00e1tn\u00ed dluhopisy.<\/span><\/p>\n

Va\u0161e pen\u00edze, \u00faspory i kupn\u00ed s\u00edla jsou proto v hled\u00e1\u010dku.<\/span><\/p>\n

Sign\u00e1ly jsou st\u00e1le z\u0159eteln\u011bj\u0161\u00ed. Index americk\u00e9ho dolaru se za dvan\u00e1ct m\u011bs\u00edc\u016f propadl o v\u00edce ne\u017e 10%, co\u017e je blikaj\u00edc\u00ed \u010derven\u00fd varovn\u00fd sign\u00e1l pro ka\u017ed\u00e9ho, kdo sleduje zn\u00e1mky syst\u00e9mov\u00e9ho selh\u00e1n\u00ed.<\/span><\/p>\n

Nejde jen o pouh\u00e9 oslaben\u00ed m\u011bny. Je to sc\u00e9n\u00e1\u0159 dvoj\u00ed ztr\u00e1ty, p\u0159i kter\u00e9m dolar ztr\u00e1c\u00ed hodnotu v\u016f\u010di jin\u00fdm m\u011bn\u00e1m a z\u00e1rove\u0148 inflace po\u017e\u00edr\u00e1 jeho dom\u00e1c\u00ed kupn\u00ed s\u00edlu.<\/span><\/p>\n

USA p\u0159ekro\u010dily hranici st\u00e1tn\u00edho dluhu 40 bilion\u016f dolar\u016f a \u00faroky z tohoto dluhu ji\u017e p\u0159evy\u0161uj\u00ed v\u00fddaje na Medicare a Medicaid (zdravotn\u00ed poji\u0161t\u011bn\u00ed). Vl\u00e1da udr\u017euje syst\u00e9m v chodu neust\u00e1l\u00fdm tla\u010den\u00edm nov\u00fdch pen\u011bz a st\u00e1le sofistikovan\u011bj\u0161\u00edmi formami zadlu\u017eov\u00e1n\u00ed, ale konec t\u00e9to hry se bl\u00ed\u017e\u00ed.<\/span><\/p>\n

V\u011b\u0159\u00edm, \u017ee to nejhor\u0161\u00ed teprve p\u0159ijde a okno pro p\u0159\u00edpravu se rychle zav\u00edr\u00e1.<\/span><\/p>\n

V tomto \u010dl\u00e1nku p\u0159esn\u011b vysv\u011btl\u00edm, pro\u010d tradi\u010dn\u00ed kupuj\u00edc\u00ed americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f ode\u0161li, pro\u010d stablecoiny ani FED nejsou trval\u00fdm \u0159e\u0161en\u00edm, pro\u010d je tato inflace struktur\u00e1ln\u00ed a ned\u00e1 se vy\u0159e\u0161it pouh\u00fdm zvy\u0161ov\u00e1n\u00edm sazeb a jako past refinancov\u00e1n\u00ed dluhu nakonec povede ke kolapsu m\u011bny.<\/span><\/p>\n

Pod\u011bl\u00edm se io to, co osobn\u011b d\u011bl\u00e1m na ochranu sv\u00e9ho majetku, proto\u017ee ne\u010dek\u00e1m, a\u017e n\u00e1s FED nebo politici zachr\u00e1n\u00ed.<\/span><\/p>\n

Obvykl\u00ed kupuj\u00edc\u00ed ode\u0161li<\/span><\/h2>\n

Z\u00e1kladem americk\u00e9ho trhu se st\u00e1tn\u00edmi dluhopisy byli desetilet\u00ed zahrani\u010dn\u00ed kupuj\u00edc\u00ed. Zem\u011b jako \u010c\u00edna, Japonsko a Sa\u00fadsk\u00e1 Ar\u00e1bie nakupovaly americk\u00e9 st\u00e1tn\u00ed dluhopisy jako bezpe\u010dn\u00fd n\u00e1stroj pro uchov\u00e1v\u00e1n\u00ed hodnoty i jako sou\u010d\u00e1st geopolitick\u00fdch dohod.<\/span><\/p>\n

Tato \u00e9ra skon\u010dila.<\/span><\/p>\n

\u010c\u00edna se americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f zbavuje m\u00edsto toho, aby financovala konkuren\u010dn\u00ed imp\u00e9rium. Japonsko je prod\u00e1v\u00e1, aby stabilizovalo vlastn\u00ed dluhopisov\u00fd trh.<\/span><\/p>\n

Japonsko, nejv\u011bt\u0161\u00ed zahrani\u010dn\u00ed dr\u017eitel americk\u00e9ho dluhu, p\u0159itom samo \u010del\u00ed v\u00e1\u017en\u00e9 dom\u00e1c\u00ed dluhov\u00e9 krizi, kter\u00e1 ohro\u017euje glob\u00e1ln\u00ed finan\u010dn\u00ed stabilitu. Rostouc\u00ed \u00farokov\u00e9 sazby japonsk\u00fdch dluhopis\u016f nut\u00ed tamn\u00ed investory repatriovat kapit\u00e1l, co\u017e m\u016f\u017ee spustit masivn\u00ed prodej americk\u00fdch st\u00e1tn\u00edch dluhopis\u016f.<\/span><\/p>\n

A to v\u0161e p\u0159ich\u00e1z\u00ed v mimo\u0159\u00e1dn\u011b citliv\u00e9m obdob\u00ed pro Spojen\u00e9 st\u00e1ty, kter\u00e9 u\u017e nyn\u00ed ro\u010dn\u011b plat\u00ed na \u00faroc\u00edch v\u00edce ne\u017e 1 bilion dolar\u016f.<\/span><\/p>\n

Evropskou ekonomiku t\u011b\u017ece zas\u00e1hl \u00fatok na Nord Stream a jej\u00ed l\u00edd\u0159i nemaj\u00ed mnoho d\u016fvod\u016f nakupovat dal\u0161\u00ed americk\u00fd dluh. Evropsk\u00e1 unie se dnes sv\u00fdm centralizovan\u00fdm pl\u00e1nov\u00e1n\u00edm a \u0161patn\u00fdm hospod\u00e1\u0159sk\u00fdm \u0159\u00edzen\u00edm st\u00e1le v\u00edce podob\u00e1 Sov\u011btsk\u00e9mu svazu.<\/span><\/p>\n

Mezit\u00edm je sa\u00fadskoarabsk\u00fd syst\u00e9m \u201epetrodol\u00e1\u0159\u016f za bezpe\u010dnost\u201c mrtv\u00fd pot\u00e9, co USA odm\u00edtly br\u00e1nit Sa\u00fadskou Ar\u00e1bii p\u0159ed H\u00fat\u00edovci.<\/span><\/p>\n

Mor\u00e1ln\u00ed a geopolitick\u00e1 reakce na americk\u00e9 financov\u00e1n\u00ed izraelsk\u00fdch v\u00e1le\u010dn\u00fdch zlo\u010din\u016f nav\u00edc \u010din\u00ed americk\u00e9 st\u00e1tn\u00ed dluhopisy politicky toxick\u00fdmi pro mnoh\u00e9 zem\u011b.<\/span><\/p>\n

Kdy\u017e nejv\u011bt\u0161\u00ed historick\u00ed kupuj\u00edc\u00ed p\u0159estanou nakupovat, nab\u00edzen\u00e9 \u00farokov\u00e9 sazby mus\u00ed r\u016fst. S matematikou nab\u00eddky a popt\u00e1vky se ned\u00e1 vyjedn\u00e1vat.<\/span><\/p>\n

Dluhopisov\u00fd trh je mnohem v\u011bt\u0161\u00ed ne\u017e akciov\u00fd a tvo\u0159\u00ed jednu ze z\u00e1kladn\u00edch koster glob\u00e1ln\u00edho finan\u010dn\u00edho syst\u00e9mu. Americk\u00e9 st\u00e1tn\u00ed dluhopisy poskytuj\u00ed glob\u00e1ln\u00ed ekonomice kl\u00ed\u010dovou likviditu, ale cel\u00fd syst\u00e9m je st\u00e1le m\u00e9n\u011b udr\u017eiteln\u00fd, proto\u017ee kupuj\u00edc\u00edch ochotn\u00fdch financovat americk\u00fd dluh ub\u00fdv\u00e1.<\/span><\/p>\n

Americk\u00fd trh se st\u00e1tn\u00edmi dluhopisy ned\u00e1vno za\u017eil sv\u016fj nejhor\u0161\u00ed den za \u0161est m\u011bs\u00edc\u016f. Katastrof\u00e1ln\u00ed aukce 30let\u00fdch dluhopis\u016f vytla\u010dila dlouhodob\u00e9 v\u00fdnosy prudce vzh\u016fru, proto\u017ee investo\u0159i po\u017eadovali vy\u0161\u0161\u00ed kompenzaci za financov\u00e1n\u00ed rostouc\u00edho fisk\u00e1ln\u00edho deficitu.<\/span><\/p>\n

P\u0159esn\u011b toto se d\u011bje, kdy\u017e kupuj\u00edc\u00ed odejdou.<\/span><\/p>\n

USA uv\u00edzly v dluhov\u00e9 spir\u00e1le, ze kter\u00e9 nevede jednoduch\u00e1 cesta ven. Probl\u00e9m m\u00e1 n\u011bkolik vrstev, ale jeho z\u00e1kladem jsou nekontrolovateln\u00e9 vl\u00e1dn\u00ed v\u00fddaje.<\/span><\/p>\n

B\u011bhem kriz\u00ed v\u00fddaje tradi\u010dn\u011b prudce rostou. Alarmuj\u00edc\u00ed v\u0161ak je, \u017ee v posledn\u00edch letech rostou i mimo krizov\u00e1 obdob\u00ed. Da\u0148ov\u00e9 p\u0159\u00edjmy s nimi nedr\u017e\u00ed krok a deficity se d\u00e1le prohlubuj\u00ed.<\/span><\/p>\n

Nejedn\u00e1 se o do\u010dasn\u00e9 naru\u0161en\u00ed. Je to za\u010d\u00e1tek konce hegemonie dolaru.<\/span><\/p>\n

Stablecoiny a FED nejsou skute\u010dn\u00fdm \u0159e\u0161en\u00edm<\/span><\/h2>\n

N\u011bkte\u0159\u00ed analytici tvrd\u00ed, \u017ee stablecoiny a Feder\u00e1ln\u00ed rezervn\u00ed syst\u00e9m zas\u00e1hnou a absorbuj\u00ed biliony dolar\u016f ve st\u00e1tn\u00edch dluhopisech, o kter\u00e9 zahrani\u010dn\u00ed kupuj\u00edc\u00ed p\u0159est\u00e1vaj\u00ed m\u00edt z\u00e1jem.<\/span><\/p>\n

Mysl\u00edm si, \u017ee je to jen zbo\u017en\u00e9 p\u0159\u00e1n\u00ed.<\/span><\/p>\n

Sch\u00e9ma stablecoin\u016f v r\u00e1mci GENIUS Act nedok\u00e1\u017ee absorbovat des\u00edtky bilion\u016f dolar\u016f americk\u00e9ho dluhu. Stablecoiny neplat\u00ed \u00farok a jejich u\u017eivatelsk\u00e1 z\u00e1kladna je omezen\u00e1.<\/span><\/p>\n

Racion\u00e1ln\u00ed u\u017eivatel\u00e9 je dr\u017e\u00ed zejm\u00e9na na transakce, nikoli jako dlouhodob\u00e9 \u00faspory. Nebudou proto hromadit tokeny nav\u00e1zan\u00e9 na dolar pr\u00e1v\u011b v dob\u011b, kdy samotn\u00fd dolar ztr\u00e1c\u00ed hodnotu.<\/span><\/p>\n

P\u0159edstava, \u017ee stablecoiny n\u011bjak nahrad\u00ed glob\u00e1ln\u00ed popt\u00e1vku po americk\u00e9m st\u00e1tn\u00edm dluhu, je fantazie. FED bude nakonec nucen vytv\u00e1\u0159et nov\u00e9 pen\u00edze na n\u00e1kup dluhu. To je monetizace dluhu (ti\u0161t\u011bn\u00ed pen\u011bz) pod jin\u00fdm n\u00e1zvem.<\/span><\/p>\n

Mysl\u00edm si, \u017ee americk\u00fd ministr financ\u00ed Scott Bessent a dal\u0161\u00ed zde hraj\u00ed svou hru, ale matematika prost\u011b nesed\u00ed. Nebezpe\u010dn\u00fd experiment FEDu s kvantitativn\u00edm uvol\u0148ov\u00e1n\u00edm jsme ji\u017e vid\u011bli. Kon\u010d\u00ed inflac\u00ed a znehodnocov\u00e1n\u00edm m\u011bny.<\/span><\/p>\n

Jak poznamenal Chris Martenson, Feder\u00e1ln\u00ed rezervn\u00ed syst\u00e9m (FED) zintenzivnil propagandistickou kampa\u0148, kter\u00e1 m\u00e1 ve\u0159ejnost p\u0159esv\u011bd\u010dit, \u017ee inflace je p\u0159\u00edli\u0161 n\u00edzk\u00e1 a \u017ee takov\u00fd \u201enebezpe\u010dn\u00fd stav\u201c ospravedl\u0148uje dal\u0161\u00ed kolo kvantitativn\u00edho uvol\u0148ov\u00e1n\u00ed.<\/span><\/p>\n

Naz\u00fdvaj\u00ed to kvantitativn\u00edm uvol\u0148ov\u00e1n\u00edm, aby tomu dodaly n\u00e1dech akademick\u00e9 odbornosti. Ve skute\u010dnosti jde jednodu\u0161e o ti\u0161t\u011bn\u00ed nov\u00fdch pen\u011bz.<\/span><\/p>\n

V\u00fdsledek je poka\u017ed\u00e9 stejn\u00fd: m\u011bna ztr\u00e1c\u00ed hodnotu a lid\u00e9, kte\u0159\u00ed v n\u00ed dr\u017e\u00ed \u00faspory, p\u0159ich\u00e1zej\u00ed o bohatstv\u00ed.<\/span><\/p>\n

Mimo\u0159\u00e1dn\u00e1 setk\u00e1n\u00ed a obavy o likviditu, kter\u00e9 jsme vid\u011bli koncem roku 2025, ukazuj\u00ed, \u017ee syst\u00e9m je ji\u017e pod siln\u00fdm tlakem.<\/span><\/p>\n

Newyorsk\u00fd FED uspo\u0159\u00e1dal tajn\u00e9 mimo\u0159\u00e1dn\u00e9 setk\u00e1n\u00ed s bankami z Wall Street, aby diskutovali o obav\u00e1ch z likvidity na pen\u011b\u017en\u00edm trhu. Na Wall Street to okam\u017eit\u011b vyvolalo poplach.<\/span><\/p>\n

Takov\u00e9 varovn\u00e9 sign\u00e1ly \u010dasto p\u0159edch\u00e1zej\u00ed ot\u0159es\u016fm typu \u201e\u010dern\u00e1 labu\u0165\u201c.<\/span><\/p>\n

V\u011b\u0159\u00edm, \u017ee jsme na pokraji takov\u00e9ho krachu a n\u00e1stroje FEDu jsou vy\u010derp\u00e1ny. Ot\u00e1zkou u\u017e nen\u00ed, jestli bude bolestiv\u00fd, ale jak \u0161patn\u00fd bude.<\/span><\/p>\n

A jsem p\u0159esv\u011bd\u010den, \u017ee bude mnohem hor\u0161\u00ed ne\u017e krize v roce 2008.<\/span><\/p>\n

Tato inflace je struktur\u00e1ln\u00ed \u2013 a zvy\u0161ov\u00e1n\u00ed sazeb ji nevy\u0159e\u0161\u00ed<\/span><\/h2>\n

Inflace, kterou za\u017e\u00edv\u00e1me, nen\u00ed typem inflace, kter\u00fd lze jednodu\u0161e zkrotit zvy\u0161ov\u00e1n\u00edm \u00farokov\u00fdch sazeb.<\/span><\/p>\n

Je struktur\u00e1ln\u00ed.<\/span><\/p>\n

Zp\u016fsobuje ji <\/span>nedostatek nafty<\/span><\/a> , hnojiv, v\u00e1lka na Bl\u00edzk\u00e9m v\u00fdchod\u011b a \u00fazk\u00e1 m\u00edsta v rafin\u00e9rsk\u00e9m sektoru. Tyto faktory zdra\u017euj\u00ed prakticky ka\u017ed\u00e9 fyzick\u00e9 zbo\u017e\u00ed.<\/span><\/p>\n

Vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby nevytvo\u0159\u00ed naftu, hnojiva ani potraviny. FED proto nedok\u00e1\u017ee \u00faroky odstranit inflaci vyvolanou r\u016fstem v\u00fdrobn\u00edch a energetick\u00fdch n\u00e1klad\u016f.<\/span><\/p>\n

Jak jsem varoval, bezohledn\u00e1 eskalace v\u00e1lky \u2013 bezprost\u0159edn\u00ed pozemn\u00ed invaze do \u00cdr\u00e1nu v r\u00e1mci operace Epic Fury \u2013 nen\u00ed jen geopolitickou katastrofou. Je to vypo\u010d\u00edtan\u00e1 detonace kone\u010dn\u00e9ho kolapsu dolaru.<\/span><\/p>\n

Kdy\u017e ceny ropy vystoup\u00ed nad 100 dolar\u016f za barel, jak se to stalo ned\u00e1vno, podra\u017e\u00ed prakticky v\u0161echno.<\/span><\/p>\n

Potraviny a energie jsou sice sou\u010d\u00e1st\u00ed celkov\u00e9ho indexu spot\u0159ebitelsk\u00fdch cen (CPI), ale samostatn\u00fd ukazatel jadern\u00e9 inflace se po\u010d\u00edt\u00e1 bez nich. Ofici\u00e1ln\u00ed pr\u016fm\u011br pak nemus\u00ed odpov\u00eddat tomu, co re\u00e1ln\u011b za\u017e\u00edv\u00e1 konkr\u00e9tn\u00ed dom\u00e1cnost, zvl\u00e1\u0161t\u011b pokud velkou \u010d\u00e1st jej\u00edho rozpo\u010dtu tvo\u0159\u00ed potraviny, energie a bydlen\u00ed.<\/span><\/p>\n

Kdy\u017e se j\u00eddlo st\u00e1v\u00e1 luxusem, jak to dnes vid\u00edme v cel\u00e9 Americe, pr\u016fm\u011brn\u00e1 ofici\u00e1ln\u00ed \u010d\u00edsla p\u0159est\u00e1vaj\u00ed vystihovat ka\u017edodenn\u00ed zku\u0161enost milion\u016f lid\u00ed.<\/span><\/p>\n

Supermarket, kdysi symbol hojnosti, je dnes m\u00edstem, kde spot\u0159ebitel\u00e9 d\u00e9le v\u00e1haj\u00ed, ne\u017e n\u011bco vlo\u017e\u00ed do ko\u0161\u00edku, a p\u0159em\u00fd\u0161lej\u00ed nad ka\u017ed\u00fdm n\u00e1kupem.<\/span><\/p>\n

Toto je skute\u010dn\u00e1 inflace, kterou lid\u00e9 poci\u0165uj\u00ed. A ta nezmiz\u00ed.<\/span><\/p>\n

U\u017e l\u00e9ta \u0159\u00edk\u00e1m, \u017ee rakovinov\u00fd pr\u016fmysl a farmaceutick\u00fd pr\u016fmysl profituj\u00ed z nemoc\u00ed. Podobn\u00fd probl\u00e9m vid\u00edm iu vl\u00e1dn\u00edch infla\u010dn\u00edch metrik \u2013 zp\u016fsob, jak\u00fdm jsou sestaveny a prezentov\u00e1ny, zakr\u00fdv\u00e1 pravdu o du\u0161evn\u00ed poru\u0161e zn\u00e1m\u00e9 jako nedisciplinovan\u00e9 vytv\u00e1\u0159en\u00ed dluh\u016f vl\u00e1dn\u00edmi gaunery.<\/span><\/p>\n

Reakc\u00ed vl\u00e1dy na inflaci bylo jej\u00ed pop\u00edr\u00e1n\u00ed nebo p\u0159edefinov\u00e1n\u00ed, ale americk\u00fd lid zn\u00e1 pravdu.<\/span><\/p>\n

Vl\u00e1da USA a ministerstvo obrany vyv\u00edjej\u00ed biologick\u00e9 zbran\u011b k po\u0161kozov\u00e1n\u00ed a likvidaci lidsk\u00e9 populace a inflaci vyu\u017e\u00edvaj\u00ed k tomu, aby lidem potichu kradli bohatstv\u00ed.<\/span><\/p>\n

Ekonomick\u00e1 \u010d\u00edsla vl\u00e1dy jsou stejn\u011b podvodn\u00e1 jako jej\u00ed zdravotn\u00ed statistiky a v\u00fdsledek je stejn\u00fd: lid\u00e9 trp\u00ed, zat\u00edmco elity prosperuj\u00ed.<\/span><\/p>\n

Jsem si jist, \u017ee tato inflace zde z\u016fstane a bude se d\u00e1le zhor\u0161ovat, jak se bude v\u00e1lka v \u00cdr\u00e1nu stup\u0148ovat a naru\u0161en\u00ed dodavatelsk\u00fdch \u0159et\u011bzc\u016f budou pokra\u010dovat.<\/span><\/p>\n

Past\u00ed refinancov\u00e1n\u00ed dluhu a bl\u00ed\u017e\u00edc\u00ed se m\u011bnov\u00fd kolaps<\/span><\/h2>\n

Nejnebezpe\u010dn\u011bj\u0161\u00edm aspektem americk\u00e9ho dluhopisov\u00e9ho trhu je past refinancov\u00e1n\u00ed dluhu.<\/span><\/p>\n

V pr\u016fb\u011bhu n\u00e1sleduj\u00edc\u00edho roku \u010di dvou bude zapot\u0159eb\u00ed refinancovat biliony dolar\u016f americk\u00e9ho dluhu. Velk\u00e1 \u010d\u00e1st z n\u011bj byla p\u016fvodn\u011b emitov\u00e1na s \u00farokem 2 a\u017e 3 %, ale nyn\u00ed ji bude t\u0159eba refinancovat p\u0159i sazb\u00e1ch nad 5 %.<\/span><\/p>\n

To p\u0159id\u00e1 stovky miliard dolar\u016f ro\u010dn\u00edch \u00farokov\u00fdch n\u00e1klad\u016f, kter\u00e9 vytisknou jin\u00e9 v\u00fddaje a p\u0159inut\u00ed vl\u00e1du p\u016fj\u010dovat si je\u0161t\u011b v\u00edc.<\/span><\/p>\n

Je to za\u010darovan\u00fd kruh, kter\u00fd skon\u010d\u00ed jedn\u00edm ze dvou zp\u016fsob\u016f: platebn\u00ed neschopnost\u00ed nebo inflac\u00ed.<\/span><\/p>\n

Jeliko\u017e americk\u00e1 vl\u00e1da si nem\u016f\u017ee dovolit vyhl\u00e1sit platebn\u00ed neschopnost a spolu s n\u00ed zni\u010dit glob\u00e1ln\u00ed finan\u010dn\u00ed syst\u00e9m, zvol\u00ed inflaci. Dolar proto bude d\u00e1le ztr\u00e1cet hodnotu a kone\u010dn\u00fdm v\u00fdsledkem bude nekontrolovan\u00fd kolaps a reset m\u011bny, nikoli elegantn\u011b \u0159\u00edzen\u00fd p\u0159echod.<\/span><\/p>\n

Vy\u0161\u0161\u00ed \u00farokov\u00e9 sazby z\u00e1rove\u0148 drt\u00ed ocen\u011bn\u00ed nemovitost\u00ed a akciov\u00fdch trh\u016f, p\u0159edev\u0161\u00edm bublinu um\u011bl\u00e9 inteligence.<\/span><\/p>\n

Obchod s um\u011blou inteligenc\u00ed ji\u017e vykazuje zn\u00e1mky nap\u011bt\u00ed. Akcie spole\u010dnosti Oracle klesly o 11 % kv\u016fli obav\u00e1m z vy\u010derp\u00e1n\u00ed hotovosti a slabost vid\u00edme iu dal\u0161\u00edch technologick\u00fdch firem.<\/span><\/p>\n

Kdy\u017e \u00farokov\u00e9 sazby rostou, sou\u010dasn\u00e1 hodnota budouc\u00edch zisk\u016f kles\u00e1. Nejtvrd\u011bji to zas\u00e1hne pr\u00e1v\u011b nejspekulativn\u011bj\u0161\u00ed sektory.<\/span><\/p>\n

Bublina um\u011bl\u00e9 inteligence stoj\u00ed na levn\u00fdch pen\u011bz\u00edch a nerealistick\u00fdch o\u010dek\u00e1v\u00e1n\u00edch. Kdy\u017e levn\u00e9 pen\u00edze zmiz\u00ed, bublina praskne.<\/span><\/p>\n

V\u011b\u0159\u00edm, \u017ee pr\u00e1v\u011b toto spust\u00ed dal\u0161\u00ed finan\u010dn\u00ed krizi. A bude hor\u0161\u00ed ne\u017e krach internetov\u00fdch spole\u010dnost\u00ed v roce 2000 (Dot com bubble), proto\u017ee dne\u0161n\u00ed ekonomika je ji\u017e do zna\u010dn\u00e9 m\u00edry z\u00e1visl\u00e1 na narativu um\u011bl\u00e9 inteligence.<\/span><\/p>\n

\u00daroky ze st\u00e1tn\u00edho dluhu dnes p\u0159evy\u0161uj\u00ed v\u00fddaje na Medicare a Medicaid a vl\u00e1da udr\u017euje syst\u00e9m v chodu neust\u00e1l\u00fdm vytv\u00e1\u0159en\u00edm nov\u00fdch pen\u011bz.<\/span><\/p>\n

To nen\u00ed udr\u017eiteln\u00e9.<\/span><\/p>\n

Nej\u010destn\u011bj\u0161\u00ed formou pen\u011bz jsou podle m\u011b zlato a st\u0159\u00edbro, proto\u017ee nenesou riziko protistrany a vl\u00e1dy je nedok\u00e1\u017eou sv\u00e9voln\u011b vytv\u00e1\u0159et.<\/span><\/p>\n

Kolaps dolaru u\u017e nen\u00ed ot\u00e1zkou zda, ale kdy. Jsem p\u0159esv\u011bd\u010den, \u017ee jsme v z\u00e1v\u011bre\u010dn\u00fdch f\u00e1z\u00edch tohoto procesu a to nejhor\u0161\u00ed teprve p\u0159ijde.<\/span><\/p>\n

Z\u00e1v\u011br: P\u0159ipravte se se skute\u010dn\u00fdmi aktivy, ne s pap\u00edrov\u00fdmi sliby<\/span><\/h2>\n

Ne\u010dek\u00e1m, a\u017e n\u00e1s FED nebo politici zachr\u00e1n\u00ed. Ka\u017ed\u00fd m\u011bs\u00edc kupuji mal\u00e9 mno\u017estv\u00ed fyzick\u00e9ho zlata a st\u0159\u00edbra. Postupn\u011b se to nahromad\u00ed.<\/span><\/p>\n

Zlato a st\u0159\u00edbro jsou \u010destn\u00e9 pen\u00edze bez rizika protistrany, na rozd\u00edl od dolar\u016f, st\u00e1tn\u00edch dluhopis\u016f \u010di stablecoin\u016f.<\/span><\/p>\n

Jak jsem ji\u017e mluvil s Andym Schectmanem, \u010c\u00edna ned\u00e1vno zru\u0161ila rozs\u00e1hl\u00e9 kontrakty na obil\u00ed s Austr\u00e1li\u00ed a Spojen\u00fdmi st\u00e1ty a m\u00edsto toho se rozhodla nakupovat od Ruska.<\/span><\/p>\n

Uveden\u00e1 transakce bude uhrazena okam\u017eit\u011b konvertibiln\u00edm zlatem \u0160anghajsk\u00e9 burzy zlata, kter\u00e9 se pravd\u011bpodobn\u011b stane rezervn\u00edm aktivem prvn\u00ed \u00farovn\u011b podporuj\u00edc\u00edm nov\u00fd finan\u010dn\u00ed syst\u00e9m.<\/span><\/p>\n

Tento posun znamen\u00e1 konec manipulace cen zlata a st\u0159\u00edbra ze strany JP Morgan, kter\u00e1 byla jedinou v\u011bc\u00ed chr\u00e1n\u00edc\u00ed dolar. Kdy\u017e se kontrola nad ur\u010dov\u00e1n\u00edm cen p\u0159esune mimo z\u00e1padn\u00ed bankovn\u00ed syst\u00e9m, osud dolaru bude zpe\u010det\u011bn.<\/span><\/p>\n

Smysl d\u00e1vaj\u00ed i pozemky a dal\u0161\u00ed hmotn\u00fd majetek. Kl\u00ed\u010dem je vlastnit skute\u010dn\u00e9 v\u011bci, ne sliby denominovan\u00e9 v kolabuj\u00edc\u00ed m\u011bn\u011b.<\/span><\/p>\n

Ti, kdo se touto cestou vydali ji\u017e d\u0159\u00edve, dnes vid\u00ed jej\u00ed v\u00fdhody. St\u0159\u00edbro bylo v\u017edy pen\u011bzi oby\u010dejn\u00fdch lid\u00ed a dnes p\u0159edstavuje podhodnocenou revoluci v drah\u00fdch kovech.<\/span><\/p>\n

Zlato a st\u0159\u00edbro jsou jedin\u00e9 \u010destn\u00e9 pen\u00edze \u2013 \u017e\u00e1dn\u00e9 riziko protistrany, \u017e\u00e1dn\u00e9 vl\u00e1dn\u00ed pad\u011bl\u00e1n\u00ed, \u017e\u00e1dn\u00e1 n\u00e1hl\u00e1 devalvace. Kdy\u017e nakonec p\u0159ijde finan\u010dn\u00ed reset, nebudete odk\u00e1z\u00e1ni na vl\u00e1dn\u00ed almu\u017eny, pokud jste se p\u0159ipravili.<\/span><\/p>\n

V\u011b\u0159\u00edm, \u017ee to nejhor\u0161\u00ed teprve p\u0159ijde. To ov\u0161em neznamen\u00e1, \u017ee jsme bezmocn\u00ed. M\u016f\u017eeme chr\u00e1nit sebe a sv\u00e9 rodiny vlastnictv\u00edm re\u00e1ln\u00fdch aktiv, p\u011bstov\u00e1n\u00edm vlastn\u00edch potravin a budov\u00e1n\u00edm odoln\u00fdch komunit.<\/span><\/p>\n

Syst\u00e9my centralizovan\u00e9 moci jsou zkorumpov\u00e1ny a selh\u00e1vaj\u00ed, ale existuj\u00ed decentralizovan\u00e1 \u0159e\u0161en\u00ed.<\/span><\/p>\n

Volba je na v\u00e1s: p\u0159ipravte se se skute\u010dn\u00fdmi aktivy nebo pokra\u010dujte v dr\u017een\u00ed pap\u00edrov\u00fdch slib\u016f v kolabuj\u00edc\u00ed m\u011bn\u011b.<\/span><\/p>\n

Autor: Mike Adams, Zdroj: <\/span>naturalnews.com<\/span><\/a>\u00a0<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

U\u017e l\u00e9ta varuji p\u0159ed k\u0159ehkost\u00ed americk\u00e9ho dluhopisov\u00e9ho trhu a nyn\u00ed jsem znepokojen\u011bj\u0161\u00ed ne\u017e kdykoliv p\u0159edt\u00edm….<\/p>\n","protected":false},"author":2,"featured_media":117264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[11754,371,1472,37],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/117263"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=117263"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/117263\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/117264"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=117263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=117263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=117263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}